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1 week ago

The untapped opportunity that could help close America’s housing shortage

More than 300,000 empty lots listed for sale could help reduce America’s housing shortage, according to new research from Zillow.The real estate company said 300,242 empty lots of five acres or fewer were listed for sale on Zillow in June, accounting for 17.4% of all for-sale listings.Building one home on each lot would reduce the estimated national housing deficit from 4.7 million homes to about 4.44 million, a decline of 6.3%, Zillow said.The typical lot for sale is 0.57 acres and has a median price of $79,000. Zillow said many of the parcels may be large enough to support more than one home...